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the way this town works this fiscal cliff deal the only winners in the fiscal cliff deal were washington. they got more money. the folks i represent in the fourth district of ohio they lost revenue, small business owners had money taken from them. washington always wins and the politicians and consultants and folks here always win. 7 of the 10 wealthiest counties in the country are in the d.c. area. mr. van hollen represents one of those. this area regular americans lose and it is about time we said stop this madness and cut up the credit cards and we want a solution not another washington deal which helps d.c. >> a couple of joints, john. first of all, the sequester was not kicked down the road. it was replaced for two months -- >> replaced means postponed which is what washington is great at doing. >> got to get your facts straight. >> i got them straight. >> we had $24 billion in deficit reduction. not nearly enough but the idea is the model going forward is to continue to do a balanced approach of cuts and revenue. number two what america got is we didn't go over the fiscal cliff. i
the way this town works this fiscal cliff deal the only winners in the fiscal cliff deal were washington. they got more money. the folks i represent in the fourth district of ohio they lost revenue, small business owners had money taken from them. washington always wins and the politicians and consultants and folks here always win. 7 of the 10 wealthiest counties in the country are in the d.c. area. mr. van hollen represents one of those. this area regular americans lose and it is about time we...
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Jan 3, 2013
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congress reached a deal on the fiscal cliff. we know that. as you know, not everyone is getting along in washington, especially republican speaker of the house john boehner and democratic senate majority leader harry reid. he told him to go bleep himself. reid laughed it off but the conversation continued on, got pretty heated. boehner's office is not giving any more details on the exchange but jimmy fallon offered his take on how the rest of the conversation went. >> it got really heated. and we can't print what was actually said but i think you can probably guess. take a look at this. >> i don't understand why would i want to. [ beep ] myself? and boehner said, you know what the [ beep ] i'm talking about. can you cram that up your [ bleep ] and reid said, wait, how would i even [ bleep ] my [ bleep ] up my own [ bleep ] i don't know, just break night a [ bleep ] shape and ram it. reid said but that would [ bleeping ] hurt. >> "morning joe" is minutes away. nt. to prove febreze can keep this car fresh, we loaded it with fast food, sweaty ho
congress reached a deal on the fiscal cliff. we know that. as you know, not everyone is getting along in washington, especially republican speaker of the house john boehner and democratic senate majority leader harry reid. he told him to go bleep himself. reid laughed it off but the conversation continued on, got pretty heated. boehner's office is not giving any more details on the exchange but jimmy fallon offered his take on how the rest of the conversation went. >> it got really...
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diane: it's official, the house has passed a deal to avert the fiscal cliff pass by the senate earlier this morning. that deal, rich do you want to go through this for us? 400,000 for individuals, $450,000 for couples. just run through everything included in this. rich: what has does is deal with taxes. preserves the bush era raids for families earning less than four and a thousand dollars a year and individuals born to thousand dollars here but if you earn $10 million a year the rates stay the same for your first 400,000 or 480,000. on investment income, the same idea, 15% top rate capital gains and dividends for families make him less than $450,000 a year. amounts or the night your tax 20% on capital gains and dividends. permanently middle-class americans, tens of millions of fans won't have to pay the alternative minimum tax. the congress does this every year. they permanently decided to do what is called patching the amt. doctors are set to get a massive cut in their payments if they treat medicare payments. they decided to sell that back in for another year. this also turns off th
diane: it's official, the house has passed a deal to avert the fiscal cliff pass by the senate earlier this morning. that deal, rich do you want to go through this for us? 400,000 for individuals, $450,000 for couples. just run through everything included in this. rich: what has does is deal with taxes. preserves the bush era raids for families earning less than four and a thousand dollars a year and individuals born to thousand dollars here but if you earn $10 million a year the rates stay the...
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Jan 3, 2013
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and it was also interesting not only on the fiscal cliff deal. but with sandy relief, cantor went and through them right under the bus. cantor is worried about his position and the donors he has in the new york and new jersey area. it is interesting how quickly he brought the long knives out. i don't think that cantor will organize a coup for this week, personally, partly because anyone who is speaker of the house has to deal with the basic dynamics that john boehner is dealing with. and that is not particularly an attractive position for somebody to be in right now. >> there is fox news -- there is o'reilly and krauthammer, bringing them down even further, saying that the republican house has been neutered. >> you know, if only the white house were this good. and secondly -- >> krauthammer is pretending the house of representatives has disappeared and the president doesn't have to deal with them. >> and also a little bit paranoid to be able to self-diagnose on that. it is not that cantor somehow doesn't want the job. we all know he wants the job
and it was also interesting not only on the fiscal cliff deal. but with sandy relief, cantor went and through them right under the bus. cantor is worried about his position and the donors he has in the new york and new jersey area. it is interesting how quickly he brought the long knives out. i don't think that cantor will organize a coup for this week, personally, partly because anyone who is speaker of the house has to deal with the basic dynamics that john boehner is dealing with. and that...
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Jan 2, 2013
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and reaction from world markets to this fiscal cliff deal. from melissa francis. markets seemed relieved today. why? >> we saw the dow go up. mostly because the deal got done. they liked something rather than nothing. the markets usually go up. if you look at the last couple of years since 2009, they have gone up between 1-3%. with or without a deal, in the normal range. at the end of the day when the dust settles a lot of people are already saying they don't think the market is going to like this. as much as it did today. we look at the story that is just developed here in the last few hours. moody's is out. credit rating saying in spite of what happened they think down the road it might be necessary to reduce credit rating on the united states. saying that it would cost more to lend to the u.s. that it is too risky right now. they didn't go far enough to solve the deficit problem. >> bret: for the long term look at the economy, you get a story from moody's and the other rating agencies look at this. if this up against the debt ceiling fight that potentially we m
and reaction from world markets to this fiscal cliff deal. from melissa francis. markets seemed relieved today. why? >> we saw the dow go up. mostly because the deal got done. they liked something rather than nothing. the markets usually go up. if you look at the last couple of years since 2009, they have gone up between 1-3%. with or without a deal, in the normal range. at the end of the day when the dust settles a lot of people are already saying they don't think the market is going to...
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and had they caused us to go over the fiscal cliff, let's assume they had rejected the senate deal, republicans as a bloc voted against it their brand would have been in serious trouble. let's assume we get reasonable gun control lemon slalgs on high-capacity magazines and on assault rifles, comes before the congress. and they reject it as a group. their brand is in serious trouble. so the speaker has to way short-term ex-gin short-term with the long-term of the congress. if they torpedoed the cliff because of the hastert rule it would have seriously jeopardized their ability to stay in power. >> governor, go back to atmospherics for a remember, i remember the swearing in of the 111th congress in 2008 acres long with president obama, there was this palpable excitement. even for republicans who were not thrilled with obama, there was this excitement that the last eight years were over and that something new was beginning. then back to the 112th swearing in, certainly for republicans with that tea party insurgency, felt like the republican version of 2006. there was this excitement, something new
and had they caused us to go over the fiscal cliff, let's assume they had rejected the senate deal, republicans as a bloc voted against it their brand would have been in serious trouble. let's assume we get reasonable gun control lemon slalgs on high-capacity magazines and on assault rifles, comes before the congress. and they reject it as a group. their brand is in serious trouble. so the speaker has to way short-term ex-gin short-term with the long-term of the congress. if they torpedoed the...
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Jan 19, 2013
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it has been fascinating watching him after the election, he voted of course in the fiscal cliff deal. he was there today talking the republicans down on this a little bit. you know, if you thought after the election he would prepare for 2016 if he indeed runs, trying to be a conservative on the right flank, he seems to be on the right of the caucus. >> and one of the best john boehner anecdotes, saying that paul ryan was hanging out, being a whispering, talking about the debt limit and about why the short term makes sense. and remember, there has always been a fissure between the leadership and back bench, but ryan appeals to both crowds and taking that responsibility, willingly, happily, being the person to mend fences within these two blocks of the house republican congress. >> it is a huge, interesting development in the political career here. thank you guys for being here and all the great reporting over the week. >> thank you. >>> coming up, republicans have an explanation for their behavior, obama made them do it. >>> and also, why the assault weapons ban is not the most importa
it has been fascinating watching him after the election, he voted of course in the fiscal cliff deal. he was there today talking the republicans down on this a little bit. you know, if you thought after the election he would prepare for 2016 if he indeed runs, trying to be a conservative on the right flank, he seems to be on the right of the caucus. >> and one of the best john boehner anecdotes, saying that paul ryan was hanging out, being a whispering, talking about the debt limit and...
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that's the fiscal cliff deal, that's sandy aid. that is now this deal. why can't speaker boehner bring the senate immigration bill to the floor tomorrow? >> well, certainly democrat are going to work very hard -- democrats are going to work very hard as the president indicated he will work to try to get this comprehensive immigration bill to the floor. but we know that there are many republican tea party members who are here who came here really quite frankly to dismantle the government, and who came they're destroy the government. i don't expect many votes from them. but there are plenty of moderate republicans who i think really understand the value of and the necessity and the requirement that we pass comprehensive immigration reform right away. and believe you me, all of us are going to work to make sure that happens. >> congressman mcdermott, here's a whip question you may or may not be able to answer. i mean, if this was brought to mind -- if john boehner had a conversion experience tonight after this whole debackle that he engineered and said you
that's the fiscal cliff deal, that's sandy aid. that is now this deal. why can't speaker boehner bring the senate immigration bill to the floor tomorrow? >> well, certainly democrat are going to work very hard -- democrats are going to work very hard as the president indicated he will work to try to get this comprehensive immigration bill to the floor. but we know that there are many republican tea party members who are here who came here really quite frankly to dismantle the government,...
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Jan 1, 2013
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welcome back to breaking news cover range on a fiscal cliff deal on capitol hill. democrats got out of their meeting with vice president joe biden. the vice president had been is set to the hill to discuss the deal and he spent much of the past 24 hours working out the details with senate minority leader mitch mcconnell. here is what we know about the potential deal as of right now. current bush era tax cuts will expire for individuals with an income over $400,000, also for couples with an income over $450,000. unemployment benefits will be extended. the sequester, automatic spending cuts that would hit a wide range of government programs, including department of defense, will be dedelayed for a two-month period and be paid for with a 50/50 split on tax increases and spending cuts. joining us now is kelly o'donnell what have you learned with the vice president's meeting with senate democrats? >> we were able to talk to some within the meeting, they are in a bit of waiting game, in part because of the legislation, being turned into an actual test that will have the
welcome back to breaking news cover range on a fiscal cliff deal on capitol hill. democrats got out of their meeting with vice president joe biden. the vice president had been is set to the hill to discuss the deal and he spent much of the past 24 hours working out the details with senate minority leader mitch mcconnell. here is what we know about the potential deal as of right now. current bush era tax cuts will expire for individuals with an income over $400,000, also for couples with an...
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ceiling and the fiscal cliff deal. all that deal did was delay the spending cuts for three months. >>> the speaker of the house promised a vote on hurricane sandy relief funds. >> no help from anyone. you see that garbage? >> it has been 9 weeks since hurricane sandy slammed into the east coast yet the victims are still waiting for help. speaker of the house john boehner triggered outrage when he delayed a vote but today he set a vote for friday. democrats and republicans say it is long past time for that help. >> for us to turn our back and ignore their needs is just plain wrong. >> we respond to innocent victims as natural disasters. >> on friday congress will vote in $9 billion in flood insurance. and you can keep up with the latest developments in the fiscal cliff and the debt ceiling by going to www.ktvu.com. click on the tab near the top of the page. >>> the gunman in the aurora colorado movie shooting is due in court monday. he is accused of killing 12 people and wounding others. it is expected to draw a large c
ceiling and the fiscal cliff deal. all that deal did was delay the spending cuts for three months. >>> the speaker of the house promised a vote on hurricane sandy relief funds. >> no help from anyone. you see that garbage? >> it has been 9 weeks since hurricane sandy slammed into the east coast yet the victims are still waiting for help. speaker of the house john boehner triggered outrage when he delayed a vote but today he set a vote for friday. democrats and republicans...
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what do cenk uygur and the rest of the "young turks" about by the fiscal cliff deal? we'll find out at the top of the hour, but cenk are you celebrating the fiscal cliff or lamenting? >> first of all, jennifer [ inaudible ]. [ laughter ] >> what you were the governor of michigan. >> jennifer: i know all about it. listen. >> okay. anyway -- >> jennifer: anyway. >> on the fiscal cliff, yeah we have a little difference of agreement, but that's why i love your show following mine -- >> jennifer: you are following me now. >> i know that's true. >> jennifer: no, i think that this was a great deal but you obviously -- i was predicting that you would have a different take. >> you are absolutely right. i did not like the deal at all. and i'll explain why i didn't. we have a congressman on that voted no and i'll tell you why. he had really strong words about joe biden to. >> jennifer: wow. >> he was not happy. >> jennifer: he is obviously wrong about that too. [ laughter ] >> all right. fair enough. >> jennifer: all right. cenk i'm looking forward it to i'll probably disagree w
what do cenk uygur and the rest of the "young turks" about by the fiscal cliff deal? we'll find out at the top of the hour, but cenk are you celebrating the fiscal cliff or lamenting? >> first of all, jennifer [ inaudible ]. [ laughter ] >> what you were the governor of michigan. >> jennifer: i know all about it. listen. >> okay. anyway -- >> jennifer: anyway. >> on the fiscal cliff, yeah we have a little difference of agreement, but that's why i...
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we suspended them in the fiscal cliff deal. we have yet to cut one dime and now it is time to do it again. stow this is, we have to stop the madness. this is the 18 year old kid on a credit card and instead of cut tupping and putting them on a budget, barak obama said give us another one and harry reid you have to - on >> john: would you support the debt ceiling. >> i don't support not dealing with the program. this whole, the way this town works and the fiscal cliff deal, the only winners were washington, they got more money and the folk necessary ohio lost rev snaul business owners had money taken from them. politicians in washington win. 10 or 7 of the 10 wealthiest counties are in the dc area . mr. van hollen res one of those areas it is about time to say stop the madness and cut up the credit card and we want a solution. >> guest: a couple of points. sequester was replaced two months and not kicked down the road. >> guest: it was kicked down the road. >> guest: no, jim, you have to get the facts straight. >> guest: i have
we suspended them in the fiscal cliff deal. we have yet to cut one dime and now it is time to do it again. stow this is, we have to stop the madness. this is the 18 year old kid on a credit card and instead of cut tupping and putting them on a budget, barak obama said give us another one and harry reid you have to - on >> john: would you support the debt ceiling. >> i don't support not dealing with the program. this whole, the way this town works and the fiscal cliff deal, the only...
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here's my quick take on this whole fiscal cliff deal. you know what? i give it only one cheer out of a possible three. that's because congress averted recession by extending and making permanent nearly all the bush tax cuts. clearly this helped create today's huge rally in stocks. okay, that is good, no recession. and the upper end tax hikes probably turned out to be less onerous than investors feared. but it's not great, virtually no spending cuts. in fact, as the prior segment noted, a 41: 1 ratio of tax revenues to spending cuts is just appalling. besides economic growth, washington has to understand spending is the real problem for deficits and debt. and lastly, why is this country taxing the most productive earnings? investors in small business owners. it's just class warfare nonsense. it reduces incentives for the long run. it's all wrong. i'm for free market economic prosperity, not class warfare. let me just tell you this. taxing rich people, taxing upper end successful earners, you can't tax your way into prosperity. you can't tax your way int
here's my quick take on this whole fiscal cliff deal. you know what? i give it only one cheer out of a possible three. that's because congress averted recession by extending and making permanent nearly all the bush tax cuts. clearly this helped create today's huge rally in stocks. okay, that is good, no recession. and the upper end tax hikes probably turned out to be less onerous than investors feared. but it's not great, virtually no spending cuts. in fact, as the prior segment noted, a 41: 1...
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the united states of america is getting ready to go over the fiscal cliff even though it's got a deal maybe close in hand. i'm wolf blitzer. i'm reporting in washington. >> lawmakers and vice president biden struggling all day on a deal, but no final vote. at least so far. we'll get the latest from the hill and show what this means for you and your taxes starting tomorrow. >> ali is going to be with us for the next hour or two or three. who knows. we're also watching a very serious health scare for the secretary of state, hillary clinton. she's now hospitalized with a blood clot. doctors are revealing where it is. we want to welcome our viewers in the united states and around the world. >>> we'll get to the fiscal cliff negotiations. there's movement right now, but first, startling new information we're learning about the blood clot that landed secretary of state hillary clinton in the hospital this new year's eve. her doctor is now revealing it's located in her head between her brain and her skull. let's go straight to our chief medical correspondent, dr. sanjay gupta for the latest.
the united states of america is getting ready to go over the fiscal cliff even though it's got a deal maybe close in hand. i'm wolf blitzer. i'm reporting in washington. >> lawmakers and vice president biden struggling all day on a deal, but no final vote. at least so far. we'll get the latest from the hill and show what this means for you and your taxes starting tomorrow. >> ali is going to be with us for the next hour or two or three. who knows. we're also watching a very serious...
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even with the fiscal cliff deal, odds are your taxes will go up the how much? that is coming up next. he beat the odds more than once to get to congress. how senator came back from a stroke. a remarkable day, walking up the stairs outdoors, the nation's capitol today. >>gregg: look at this swearing in ceremony for the house of representatives a photo op and joining us by telephone from capitol hill, senior producer who keeps us alive each second with all kinds of news. we have been watching this, chad, where everyone gets their picture takes with the speaker. explain this. >>reporter: right now the speaker is shaking hands with a democrat from florida and in a second he will walk across the room, they have another set of flags lined up and they will bring in in a congress woman matsui and he walks back to the other side and another mock swearing in, with another member, a member who lost to west a couple of years ago and now, he has come back. they all bring if their families. they have a number of different ways to take the oath. a catholic bible. a buddhist s
even with the fiscal cliff deal, odds are your taxes will go up the how much? that is coming up next. he beat the odds more than once to get to congress. how senator came back from a stroke. a remarkable day, walking up the stairs outdoors, the nation's capitol today. >>gregg: look at this swearing in ceremony for the house of representatives a photo op and joining us by telephone from capitol hill, senior producer who keeps us alive each second with all kinds of news. we have been...
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house republicans were by no means united in favor of the fiscal cliff deal. speaker boehner wanted it past but eric cantor was against it. it turns out the tension goes a lot farther back for two other members of the caucus. it starts with darrell issa who voted against the fiscal cliff. >> i'm with eric cantor. i can't vote for it in its current form. the senate and the president and vice president failed to meet their obligation. their own stated obligation which was to bring us a balanced bill. one that had tax adjustment, yes. but also had spending cuts. this one fails at that and fails badly. >> so enter ohio republican steve latourette who wasn't jazzed but took the plunge and voted yes. >> i went to the same high school as congressman issa but we haven't agreed on much since. >> did you agree in high school? >> i didn't see him a lot in class, so i don't know. >> somehow i doubt they'll show up together at the reunion. one point of agreement, both congressmen suggested that new year's eve was partially to blame for what the senate put together. >> i th
house republicans were by no means united in favor of the fiscal cliff deal. speaker boehner wanted it past but eric cantor was against it. it turns out the tension goes a lot farther back for two other members of the caucus. it starts with darrell issa who voted against the fiscal cliff. >> i'm with eric cantor. i can't vote for it in its current form. the senate and the president and vice president failed to meet their obligation. their own stated obligation which was to bring us a...
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Jan 26, 2013
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he will take advantage of the revenue increases from the fiscal cliff deal. the second thing is since ryan issued his budget a year ago, the congressional budget office who does the forecast of what the deficit will be, that you have to shrink to get to balance, cbo has changed its forecast. it is more optimistic. it now forecasts $750 billion less in deficits over ten years, with no changes in policy than it did a year ago. so ryan is going to take advantage of the fact that the amount by which you have to shrink the deficit to get to balance is smaller than it looked like a year ago. the third one is interesting. remember, ezra, in ryan's budget a year ago he took credit for all the savings in medicare that are in the affordable care act, then he and romney disowned them. i bet they're right back in budget like they were last year. he will do all of those things, and then on top of them he will have huge cuts in, as you said, the part of the budget that is everything other than defense and everything other than entitlement programs, where education and envi
he will take advantage of the revenue increases from the fiscal cliff deal. the second thing is since ryan issued his budget a year ago, the congressional budget office who does the forecast of what the deficit will be, that you have to shrink to get to balance, cbo has changed its forecast. it is more optimistic. it now forecasts $750 billion less in deficits over ten years, with no changes in policy than it did a year ago. so ryan is going to take advantage of the fact that the amount by...
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Jan 1, 2013
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word of a possible deal to avoid that fiscal cliff. the vice president of the united states, joe biden, he is now inside a room, closed door room, meeting with senate democrats. he's trying to sell the plan. it was just a few moment ago we saw him walk by our own dana bash up on capitol hill, with a lot of other reporters going into the room with the senate majority leader harry reid. watch the tape. >> can you flip around. can you flip around? we're going to get the vice president right now. we're going to get the vice president right now. mr. vice president, do you have a deal? >> happy new year. >> mr. vice president, we're live on cnn. do you have a deal? >> happy new year. >> senator reid, how do you feel? got to love live tv. there you go. >> we do love live tv. dana bash doing an excellent job on capitol hill. the vice president smiling broadly, just saying happy new year. here's what we know so far. the house minority leader nancy pelosi, the senate majority leader, harry reid, they have spoken to the president, they have signe
word of a possible deal to avoid that fiscal cliff. the vice president of the united states, joe biden, he is now inside a room, closed door room, meeting with senate democrats. he's trying to sell the plan. it was just a few moment ago we saw him walk by our own dana bash up on capitol hill, with a lot of other reporters going into the room with the senate majority leader harry reid. watch the tape. >> can you flip around. can you flip around? we're going to get the vice president right...
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cliff deal. so i think the democrats are not in as strong a position as they think they are. >> politico this morning had a dramatic account of an exchange last week in the white house between john boehner and harry reid. this happened before the deal had been reached, i should point out. according to politico, boehner had strong words for the senate majority leader quote, go f yourself boehner. as he pointed his finger at reid. reid a bit startled replied what are you talking about and boehner then repeated it. go f yourself. they didn't cut the deal. in the end it was vice president biden and the senate majority leader. what does this say about the inability to work together? >> i also like the fact according to that story that boehner then went around bragging to everybody he said that to reid. i think they were both at the bottom of the food chain here of decision makers. they were fighting at the bottom of the chain while mitch mcconnell and joe biden were putting together the deal. i think
cliff deal. so i think the democrats are not in as strong a position as they think they are. >> politico this morning had a dramatic account of an exchange last week in the white house between john boehner and harry reid. this happened before the deal had been reached, i should point out. according to politico, boehner had strong words for the senate majority leader quote, go f yourself boehner. as he pointed his finger at reid. reid a bit startled replied what are you talking about and...
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cliff deal and its aftermath. a lot of liberals in the house voted against this deal. many liberals said they thought it gave up too much, that the president conceded too much when you didn't have to. are you in that camp? do you think there was too much given up, politically speaking, or not? >> no, i really don't, chris. i think we're mistaken if anybody thinks that the president and, the way i look at it, the same members of congress have lost leverage in the next debate. the fiscal cliff, if it's communicated properly, the ramifications of not extending the debt ceiling, i'm sorry, in a couple months are so disastrous for the economy, we would be back, essentially, in 2009, where we were losing 700,000 jobs a month. because, essentially, once we reach that deadline, if we don't extend the debt ceiling, 28% of all federal spending, roughly, goes away. disappears. that's 6% or 7% of the entire economy. so the people would have to understand that. and i think many republicans do. so i'm not sure that's much lever
cliff deal and its aftermath. a lot of liberals in the house voted against this deal. many liberals said they thought it gave up too much, that the president conceded too much when you didn't have to. are you in that camp? do you think there was too much given up, politically speaking, or not? >> no, i really don't, chris. i think we're mistaken if anybody thinks that the president and, the way i look at it, the same members of congress have lost leverage in the next debate. the fiscal...
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lori: we're just coming off the deal to avoid the fiscal cliff. we're approaching now the negotiation to raise the debt ceiling. where do you stand, congressman, on the spending cut that are so desperately needed to rein in our budget which obviously didn't happen in the fiscal cliff deal? >> well, we have to do it. i'm committed to doing it. most of the country is understanding and committing to doing it. i know we'll have a package in the next couple weeks that will be initiated in the house and sent to the senate we hopefully can start to get our arms around this problem. lori: thank you for your time, congressman frank lobiondo, representing atlantic city. thanks for updating the situation of your constituents. >> thank you. melissa: we have morning breaking news. we want to take you to the floor of the house of representatives where john boehner is about to be sworn in as speaker of the house. i believe starts off with the picture he is walking around, talking to people and shaking his hands as he makes his way to the front. he will be escort
lori: we're just coming off the deal to avoid the fiscal cliff. we're approaching now the negotiation to raise the debt ceiling. where do you stand, congressman, on the spending cut that are so desperately needed to rein in our budget which obviously didn't happen in the fiscal cliff deal? >> well, we have to do it. i'm committed to doing it. most of the country is understanding and committing to doing it. i know we'll have a package in the next couple weeks that will be initiated in the...
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it says the fiscal cliff deal will decrease -- sorry. increase deficits by nearly $4 trillion over the next decade. the bulk comes from extending bush era tax cuts for almost every american. this is relative to where deficits would be if we fell completely off the fiscal cliff if congress had done nothing, let the bush tax cuts expired. allowed big spending cuts to come into effect. under this scenario a 2.$2.88 trillion would have been added to the deficit over ten years. falling off the fiscal cliff would have helped our debt position more but hurt the economy in the near term. most economists don't expect to us fall off the fiscal cliff. many expect them to cancel or weaken the fiscal cliff. this bill reduces deficits by about $650 billion. according to the committee for responsible federal budget. >> good news, bad news, maybe a little good news. >> you know when we're doing scores of bills from the cbo that we live in budget hell. >> ahead on "starting point," check this out. a man sleds into a freezing lake. >> yikes! >> his rescue
it says the fiscal cliff deal will decrease -- sorry. increase deficits by nearly $4 trillion over the next decade. the bulk comes from extending bush era tax cuts for almost every american. this is relative to where deficits would be if we fell completely off the fiscal cliff if congress had done nothing, let the bush tax cuts expired. allowed big spending cuts to come into effect. under this scenario a 2.$2.88 trillion would have been added to the deficit over ten years. falling off the...
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Feb 27, 2013
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cliff deal. so let me ask you about that specifically, because this whole tax issue, adam davidson and i quote him every single night so i hope he listens, co-founder of npr's planet money noted in the "new york times" that increasing the middle class tax burden by an additional 8% would have a bigger impact than taxing millionaires at 100% and of course, congressman, leaders of your own party, bill clinton also knows this. here's bill clinton at a conference i was at with him a year ago. >> i think you could tax me at 100% and you wouldn't balance the budget. we all have to contribute to this. if middle class people's wages were going up again and we had some growth in the economy, i don't think they would object to going back to the tax rates that i obtained when i was president. >> isn't the honest thing to tell the american people if you're going to be raising money by raising taxes that it has to be on more than just a few at the top? >> no, i think the honest thing is to take a balanced app
cliff deal. so let me ask you about that specifically, because this whole tax issue, adam davidson and i quote him every single night so i hope he listens, co-founder of npr's planet money noted in the "new york times" that increasing the middle class tax burden by an additional 8% would have a bigger impact than taxing millionaires at 100% and of course, congressman, leaders of your own party, bill clinton also knows this. here's bill clinton at a conference i was at with him a year...
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cliff deal. >> then they want more medicare cutbacks. you take taxes off the table, they take medicare off the table. can you still do something? >> well, the long-term driver of the debt and deficit is health care spending. president obama admitted that. in our dinners. and particularly medicare, in my 30-year projection we showed a $36 trillion deficit in medicare over the next 30 years. it's simply not sustainable, grow gloria. you have to start off with the facts and figures. figure out what you agree on, the extent of the problem. we need to actually describe it to the american public so they are prepared for the solution. step one, what's the first step in any problem-solving process? admit you got a problem, right? >> everybody admits that. >> no, they do not. >> senator, that's one of the reasons they did obama care because of the driving health care costs. >> didn't we just have a report the medicare actuaries says it's going to cost $620 billion more over the next ten years than had we not done obama care. so we did not solve t
cliff deal. >> then they want more medicare cutbacks. you take taxes off the table, they take medicare off the table. can you still do something? >> well, the long-term driver of the debt and deficit is health care spending. president obama admitted that. in our dinners. and particularly medicare, in my 30-year projection we showed a $36 trillion deficit in medicare over the next 30 years. it's simply not sustainable, grow gloria. you have to start off with the facts and figures....
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this comes one day after the fiscal cliff deal sparked the dow's more than a year. while congress may have averted the fiscal cliff for now it still won't keep taxes going up for the majority of americans. analysts say 77% of us are about to it see our paychecks shrink. william la jeunesse payroll taxes are going up. some will see the difference tomorrow paycheck f.i.c.a. deductions which represent your payments into social security and medicare. the new increase effects the withholding rate on payroll taxes which increases to 12.4%. your employer pays half and you pay half. for a single earning $38,000 a year, you will pay 548. that's up $570 a year or $11 a week. if you earn 90,000 you will pay 20,000 over the year or 2400 more than last year. while f.i.c.a. taxes may anger you, all but the wealthiest people get their money back and more. the average worker pays about $345,000 a year -- excuse me over their life anymore f.i.c.a. taxes they will will get 417,000 back in benefits in retirement. >> a pretty large majority of people will see that drop in their net pay
this comes one day after the fiscal cliff deal sparked the dow's more than a year. while congress may have averted the fiscal cliff for now it still won't keep taxes going up for the majority of americans. analysts say 77% of us are about to it see our paychecks shrink. william la jeunesse payroll taxes are going up. some will see the difference tomorrow paycheck f.i.c.a. deductions which represent your payments into social security and medicare. the new increase effects the withholding rate on...
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Jan 1, 2013
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probably celebrating because they just got word from the white house that there is a deal, a fiscal cliff deal. the problem is the dancing may not be happening all the way up here on capitol hill because, frankly, it still has to pass the senate and the house. but they can still cheer. i'm bret baier live in washington. we have the breaking news that they are very close they say to the final deal between senate democrats and republicans and vice president biden who is currently meeting with senate democrats in a closed door meeting trying to get skeptical democrats to sign on to the mini deal that they are trying to avoid the fiscal cliff. the problem that they won't avoid it technically. they will miss the midnight deadline because the house has adjourned for the night. they don't have anything to score. they don't have anything to react to because no piece of legislation has made it to the senate. this s the shot we have been looking at for a long time just outside the senate chamber. if you just turn the camera a little bit you would see the door to the senate and so far there is nothi
probably celebrating because they just got word from the white house that there is a deal, a fiscal cliff deal. the problem is the dancing may not be happening all the way up here on capitol hill because, frankly, it still has to pass the senate and the house. but they can still cheer. i'm bret baier live in washington. we have the breaking news that they are very close they say to the final deal between senate democrats and republicans and vice president biden who is currently meeting with...
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jon: we've heard a lot about tax increases averted by this fiscal cliff deal. did you know there are millions of dollars in new healthcare taxes that are already in effect? we'll have a complete break down on that and tell you how much it could cost you, next. phruts, san jose police caught off guard following a bizarre run in with a naked man carrying a sword. this strange story coming up. and call it the drunk defense, a group of inmates taking beer companies to court because they claim boos booze made them commit crimes. do they have a case in our legal panel weighs in next. when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] glucerna hunger smart. a smart way
jon: we've heard a lot about tax increases averted by this fiscal cliff deal. did you know there are millions of dollars in new healthcare taxes that are already in effect? we'll have a complete break down on that and tell you how much it could cost you, next. phruts, san jose police caught off guard following a bizarre run in with a naked man carrying a sword. this strange story coming up. and call it the drunk defense, a group of inmates taking beer companies to court because they claim boos...
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life opens up when you do. >>> well, we appear to have a deal to avoid the fiscal cliff. a democratic source says a deal was reached just minutes ago. democrats in the senate are meeting right now on capitol hill with vice president joe biden who helped move these takes long. and there is word that there may be a vote in the senate this evening, possibly before midnight. we'll see. we will be back in just a moment with continuing coverage of the fiscal cliff talks. you're watching msnbc, the place for politics. ♪ [ male announcer ] why do more emergency workers everywhere trust duracell...?? duralock power preserve. locks in power for up to 10 years in storage. now...guaranteed. duracell with duralock. trusted everywhere. >>> welcome back. let's go back to nbc's chuck todd. we are talking about the fiscal cliff issue about an apparent deal that has been struck in the senate tonight. chuck, before the break you were talking about the possibility, even likelihood that there will be holdouts on both sides of the aisle who don't like this deal, and perhaps may not even pass
life opens up when you do. >>> well, we appear to have a deal to avoid the fiscal cliff. a democratic source says a deal was reached just minutes ago. democrats in the senate are meeting right now on capitol hill with vice president joe biden who helped move these takes long. and there is word that there may be a vote in the senate this evening, possibly before midnight. we'll see. we will be back in just a moment with continuing coverage of the fiscal cliff talks. you're watching...
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. >> we'll be back on the apparent deal to avoid the fiscal cliff. you are watching "msnbc" the place for politicings milissa e . >>> welcome back to "msnbc" coverage of the plan on the fiscal cliff. the nation is scheduled to go off the cliff at midnight, eastern time. the senate bill is being worked on right now. and lawmakers may try to vote on it sometime tonight. the house, meanwhile, is scheduled to remain adjourned until noon tomorrow. house minority leader nancy pelosi released a statement just minutes ago saying in part "when a final agreement is reached and passed by the senate i will present it to the house democratic caucus." vice president joe biden who worked for the past hours with senate minority leader mitch mcconnell, worked to reach the deal. for more, i am joined by the vice president's former chief economist and adviser, jared burnstein. >> well, it is nice to be with you, with what sounds like some progress on the hill. >> are there any surprises for you in all of this, and how it is going down? >> well, i was a bit surprised by
. >> we'll be back on the apparent deal to avoid the fiscal cliff. you are watching "msnbc" the place for politicings milissa e . >>> welcome back to "msnbc" coverage of the plan on the fiscal cliff. the nation is scheduled to go off the cliff at midnight, eastern time. the senate bill is being worked on right now. and lawmakers may try to vote on it sometime tonight. the house, meanwhile, is scheduled to remain adjourned until noon tomorrow. house minority...
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Sep 30, 2013
09/13
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the folks i call the coal caucus, 85 voted for fiscal cliff dealing, of those 85 or so, 75 are still around here. if you went and talked to them priva privately, they would say this is a dumb thing going forward, not worth it. i suspect that group of house republicans would support a clean cr. as richard just mentioned, these guys aren't calling the shots. ted cruz, heritage action, senate conservative fund is calling the shots, club for growth is calling the shots. 94 members that come from romney's 60% plus distribution they don't want to be -- they are willing to go along with this idea that has been born out of this 30 or so guys in the house republican caucus that even a few years ago were laughed out of the room by establishment votes. you're seeing the fight for the house gop. they are now taking the country into this fight. all the folks in the dmv area, largest concentration of federal workers, a lot of folks hurt by a possible shutdown. but you kind of sit here dumbfounded and say why doesn't someone rise up, go with a clean cr? they are fearful of all the energy in their p
the folks i call the coal caucus, 85 voted for fiscal cliff dealing, of those 85 or so, 75 are still around here. if you went and talked to them priva privately, they would say this is a dumb thing going forward, not worth it. i suspect that group of house republicans would support a clean cr. as richard just mentioned, these guys aren't calling the shots. ted cruz, heritage action, senate conservative fund is calling the shots, club for growth is calling the shots. 94 members that come from...
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May 18, 2013
05/13
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now republican cuts from sequestration and the fiscal cliff deal did not reduce the deficit. they weren't even part of the calculations. here's what did help slink the deficits. tax heights on the wealthy americans an obama care. joining us with the rapid response are my guests. great to have you all with us. mike, why aren't the republicans talking about the deficit anymore? >> well it's bad news. look this is terrible news, ed. the only way to analyze the deficit to look at the ratio. u's called the gdp to debt ratio. obama came in with the 10% to debt to gdp ratio. he has it down to 4%. they sate's going to down to 2%. those are not great talking points for republicans. >> david does the massive deficit debt reduction hurt job growth. >> we would be much better off if we would be spending money. we have all of the infrastructure needs. we can boar ru money and we used up the infrastruck chu. we have to replace things like bridges, roads and dams, why are we delaying down that. >> what is the wiggest political component that the obama team could cap lies on. >> it's fantast
now republican cuts from sequestration and the fiscal cliff deal did not reduce the deficit. they weren't even part of the calculations. here's what did help slink the deficits. tax heights on the wealthy americans an obama care. joining us with the rapid response are my guests. great to have you all with us. mike, why aren't the republicans talking about the deficit anymore? >> well it's bad news. look this is terrible news, ed. the only way to analyze the deficit to look at the ratio....